MasterCard Board of Directors Announces Regular Quarterly Dividend
Closing of 2009 Class B Conversion Program
(Logo: http://www.newscom.com/cgi-bin/prnh/20061031/MCLOGO )
MasterCard stockholders:
-- reelected the following Class A Directors with a term to expire in 2012: Richard Haythornthwaite, Chairman of the Company's Board of Directors, President of PSA Energy Holdings SPC and an advisor to Star Capital Partners Limited; David R. Carlucci, Chairman, Chief Executive Officer and President of IMS Health Incorporated; and, Robert W. Selander, President and Chief Executive Officer of MasterCard Incorporated;
-- reelected Steven J. Freiberg, Executive Vice President of Citibank, N.A., Class M Director, with a term to expire in 2012;
-- approved amendments to the Company's amended and restated certificate of incorporation allowing, among other things, the Company's Board of Directors to have increased flexibility to appoint and/or nominate for election by the stockholders up to three additional directors; and
-- ratified the appointment of PricewaterhouseCoopers LLP as the company's independent registered public accounting firm for 2009.
Addressing stockholders on the company's business, MasterCard President and Chief Executive Officer
"During these unprecedented times, we are taking a flexible and adaptive approach to managing our business," commented Selander. "Like any industry we face a number of challenges, however, we believe there is significant opportunity for growth as more and more consumers and businesses continue to demand easier, more efficient, convenient and safer forms of payment."
MasterCard's Board of Directors also declared today a cash dividend of
In
About MasterCard Incorporated
MasterCard Incorporated advances global commerce by providing a critical economic link among financial institutions, businesses, cardholders and merchants worldwide. As a franchisor, processor and advisor, MasterCard develops and markets payment solutions, processes approximately 21 billion transactions each year, and provides industry-leading analysis and consulting services to financial-institution customers and merchants. Powered by the MasterCard Worldwide Network and through its family of brands, including MasterCard(R), Maestro(R) and Cirrus(R), MasterCard serves consumers and businesses in more than 210 countries and territories. For more information go to www.mastercard.com.
SOURCE MasterCard Incorporated